As long as TVC < TR, a firm will have a positive level of output in the short run
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
The figure above shows the market for iPods. Which of the following shifts the demand curve from D0 to D1?
A) a requirement that all students at universities have an iPod B) a decrease in the price of Zunes, a substitute for iPods C) a decrease in the price of iPods D) an increase in the price of iPods E) an increase in people's incomes
Economics
The interest rate the Federal Reserve charges a bank when it borrows reserves from the Fed is called the
A) federal funds rate. B) prime rate. C) market interest rate. D) discount rate. E) borrowing rate.
Economics